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Lyon Mckinsey Margaret, Vice President of External Affairs at Perpetua Resources Corp. (NASDAQ:PPTA), recently divested a portion of her holdings in the company. According to a recent SEC filing, Lyon sold a total of 22,710 common shares on March 5, 2025. These sales, made to cover tax obligations related to vested restricted and performance share units, occurred at an average price of $8.82 per share, totaling approximately $200,301. The transaction comes as PPTA shows strong momentum, with the stock delivering a remarkable 133% return over the past year, though InvestingPro analysis suggests the stock is currently trading above its Fair Value.
Following these transactions, Lyon’s direct ownership stands at 89,154 shares. The sales were executed as part of her routine management of personal stock holdings in Perpetua Resources, a company engaged in gold and silver ore mining, headquartered in Boise, Idaho. With the company’s next earnings report due on March 14, 2025, InvestingPro subscribers can access 8 additional key insights about PPTA’s financial health and market position. Analysts maintain a bullish outlook, with price targets ranging from $16 to $25 per share.
In other recent news, Perpetua Resources has received a significant boost with the United States Forest Service granting the Final Record of Decision for its Stibnite Gold Project. This approval marks the end of an eight-year process and allows the company to advance towards construction, contingent on securing the remaining permits and financing. The Stibnite Gold Project is projected to produce approximately 450,000 ounces of gold annually in its initial years and holds a reserve of 4.8 million ounces of gold and 148 million pounds of antimony. Notably, the project is expected to meet about 35% of the U.S. demand for antimony, a critical mineral.
Following this development, H.C. Wainwright raised its price target for Perpetua Resources to $25.00, maintaining a Buy rating, reflecting optimism about the project’s potential. National Bank also highlighted the project’s significance, noting it could become the first domestic source of antimony for the U.S. government. Furthermore, Perpetua Resources has entered into a collaboration with U.S. Antimony Corporation to test antimony concentrate from the project, aiming to establish a domestic antimony supply chain.
The Stibnite Gold Project is expected to generate significant economic benefits, including the creation of 550 jobs and a substantial injection into Idaho’s economy. As Perpetua Resources moves forward, the focus will be on finalizing permits and arranging project financing, with a construction decision anticipated in the near future. The project aligns with U.S. initiatives to secure domestic mineral resources and reduce reliance on foreign sources, emphasizing its broader strategic importance.
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